Fashion apparel and home furnishing retailer Dillard's Inc (DDS.N) plans to form a real estate investment trust unit to enhance its ability to access debt or preferred stock, the company said in a regulatory filing. Dillard's has also formed a wholly-owned unit intended to serve as a captive insurance company, it said in a filing with the U.S. Securities and Exchange Commission. Shares of the company closed at $37.54 Wednesday on the New York Stock Exchange. (Reporting by Mihir Dalal in Bangalore; Editing by Jarshad Kakkrakandy)
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